Black Monday on Wall Street - October 19, 1987

This well produced, now discontinued podcast was made in 2017 by the team over at Real Vision.

It was a 30th-anniversary show on this quick near -22% loss in the S&P 500 in only a matter of a few days. Born from this episode is the President's Working Group on Financial Markets (same entity that more recently got tapped Christmas 2018 by US Treasury Secretary Steve Mnuchin).

The podcast gets underway at the 5-minute mark. Interviewed about Black Monday 1987 gentlemen who lived through it. Specialists we have also recently talked with here at SD Bullion, both longtime financial market traders Michael Oliver and Greg Weldon.

-

-

1987 LBMA Gold Price West vs. East Divergence

The year 1987 was also when the London Bullion Market Association (LBMA) came into existence.

The western vs. eastern daily gold price compounding since that timeframe illustrates a more complex gold price containment mechanism afoot since the past London Gold Pool price fix failure of the 1960s.

The data tells the big picture for western gold price containment using derivatives and consistent AM/PM gold fix rigging over the last rough sum of three decades.

Viewer acknowledges and is in agreement that SD Bullion does not guarantee the accuracy, timelines, or completeness of price data displayed here. Nor shall it be liable to any individual or any entity for any delays, inaccuracies, errors or omissions in this price data or any other damages arising in connection with viewer's receipt or use of this data. SD Bullion offers customers the ability to purchase physical precious metal bullion products for asset preservation and prudent allocation purposes, not for mere speculation. Using our online price data, market commentaries, and opinions for speculative purposes is not advised, we are not financial planners nor certified to give you any financial advice whatsoever. Information here is merely for educational purposes.

Date

Gold Price Fix AM in US dollars per troy ounce

Gold Price Fix PM in US dollars per troy ounce

January 2, 1987

$402.40 oz

$403.50 oz

January 5, 1987

$399.00 oz

$398.95 oz

January 6, 1987

$401.70 oz

$401.70 oz

January 7, 1987

$399.50 oz

$400.40 oz

January 8, 1987

$401.60 oz

$402.65 oz

January 9, 1987

$402.25 oz

$402.00 oz

January 12, 1987

$409.90 oz

$411.10 oz

January 13, 1987

$408.60 oz

$409.00 oz

January 14, 1987

$414.40 oz

$415.10 oz

January 15, 1987

$415.00 oz

$416.25 oz

January 16, 1987

$414.50 oz

$415.70 oz

January 19, 1987

$421.25 oz

$422.25 oz

January 20, 1987

$417.40 oz

$415.75 oz

January 21, 1987

$408.50 oz

$407.20 oz

January 22, 1987

$410.60 oz

$410.45 oz

January 23, 1987

$403.55 oz

$400.00 oz

January 26, 1987

$405.35 oz

$406.00 oz

January 27, 1987

$408.70 oz

$411.50 oz

January 28, 1987

$416.50 oz

$413.75 oz

January 29, 1987

$411.00 oz

$409.70 oz

January 30, 1987

$407.30 oz

$400.50 oz

February 2, 1987

$406.45 oz

$406.75 oz

February 3, 1987

$402.00 oz

$404.00 oz

February 4, 1987

$401.75 oz

$402.80 oz

February 5, 1987

$402.60 oz

$398.90 oz

February 6, 1987

$402.70 oz

$402.60 oz

February 9, 1987

$402.95 oz

$405.90 oz

February 10, 1987

$404.40 oz

$402.85 oz

February 11, 1987

$402.90 oz

$403.00 oz

February 12, 1987

$402.00 oz

$402.30 oz

February 13, 1987

$395.55 oz

$397.35 oz

February 16, 1987

$397.20 oz

$397.25 oz

February 17, 1987

$396.85 oz

$397.25 oz

February 18, 1987

$392.95 oz

$390.00 oz

February 19, 1987

$392.60 oz

$393.35 oz

February 20, 1987

$397.50 oz

$399.75 oz

February 23, 1987

$403.00 oz

$403.20 oz

February 24, 1987

$401.95 oz

$399.30 oz

February 25, 1987

$406.70 oz

$405.80 oz

February 26, 1987

$403.10 oz

$404.10 oz

February 27, 1987

$405.75 oz

$405.85 oz

March 2, 1987

$404.40 oz

$404.25 oz

March 3, 1987

$403.70 oz

$403.80 oz

March 4, 1987

$407.65 oz

$406.55 oz

March 5, 1987

$411.45 oz

$410.75 oz

March 6, 1987

$406.50 oz

$406.30 oz

March 9, 1987

$404.85 oz

$405.00 oz

March 10, 1987

$405.00 oz

$405.60 oz

March 11, 1987

$406.85 oz

$407.20 oz

March 12, 1987

$408.00 oz

$409.90 oz

March 13, 1987

$409.25 oz

$408.50 oz

March 16, 1987

$404.65 oz

$405.30 oz

March 17, 1987

$406.00 oz

$406.35 oz

March 18, 1987

$406.40 oz

$404.35 oz

March 19, 1987

$405.05 oz

$404.45 oz

March 20, 1987

$405.00 oz

$404.45 oz

March 23, 1987

$406.60 oz

$408.30 oz

March 24, 1987

$410.30 oz

$409.00 oz

March 25, 1987

$415.00 oz

$413.70 oz

March 26, 1987

$411.30 oz

$411.00 oz

March 27, 1987

$415.90 oz

$416.35 oz

March 30, 1987

$421.80 oz

$424.00 oz

March 31, 1987

$419.00 oz

$421.00 oz

April 1, 1987

$418.50 oz

$418.75 oz

April 2, 1987

$420.25 oz

$418.70 oz

April 3, 1987

$418.65 oz

$418.70 oz

April 6, 1987

$420.55 oz

$421.45 oz

April 7, 1987

$419.80 oz

$418.50 oz

April 8, 1987

$423.20 oz

$420.50 oz

April 9, 1987

$421.50 oz

$421.00 oz

April 10, 1987

$432.30 oz

$431.60 oz

April 13, 1987

$436.50 oz

$435.90 oz

April 14, 1987

$440.25 oz

$442.40 oz

April 15, 1987

$445.50 oz

$444.10 oz

April 16, 1987

$441.00 oz

$437.75 oz

April 21, 1987

$454.30 oz

$449.50 oz

April 22, 1987

$446.80 oz

$445.50 oz

April 23, 1987

$453.00 oz

$450.50 oz

April 24, 1987

$462.60 oz

$462.20 oz

April 27, 1987

$476.60 oz

$474.75 oz

April 28, 1987

$455.75 oz

$453.00 oz

April 29, 1987

$451.75 oz

$449.00 oz

April 30, 1987

$454.50 oz

$453.25 oz

May 1, 1987

$452.15 oz

$456.75 oz

May 5, 1987

$464.50 oz

$459.25 oz

May 6, 1987

$456.75 oz

$456.25 oz

May 7, 1987

$457.40 oz

$456.25 oz

May 8, 1987

$456.70 oz

$453.00 oz

May 11, 1987

$454.75 oz

$453.00 oz

May 12, 1987

$460.25 oz

$460.70 oz

May 13, 1987

$459.50 oz

$460.50 oz

May 14, 1987

$460.00 oz

$461.05 oz

May 15, 1987

$466.70 oz

$469.90 oz

May 18, 1987

$476.50 oz

$473.25 oz

May 19, 1987

$471.35 oz

$471.10 oz

May 20, 1987

$479.95 oz

$475.25 oz

May 21, 1987

$468.60 oz

$469.10 oz

May 22, 1987

$473.60 oz

$466.50 oz

May 26, 1987

$459.65 oz

$449.00 oz

May 27, 1987

$447.90 oz

$449.50 oz

May 28, 1987

$453.35 oz

$453.10 oz

May 29, 1987

$451.75 oz

$451.00 oz

June 1, 1987

$443.40 oz

$442.90 oz

June 2, 1987

$449.30 oz

$455.00 oz

June 3, 1987

$453.25 oz

$453.00 oz

June 4, 1987

$450.25 oz

$452.75 oz

June 5, 1987

$454.70 oz

$453.50 oz

June 8, 1987

$454.40 oz

$456.55 oz

June 9, 1987

$452.05 oz

$452.65 oz

June 10, 1987

$456.65 oz

$455.65 oz

June 11, 1987

$456.40 oz

$457.00 oz

June 12, 1987

$460.80 oz

$455.45 oz

June 15, 1987

$450.35 oz

$449.75 oz

June 16, 1987

$452.75 oz

$452.75 oz

June 17, 1987

$448.25 oz

$451.25 oz

June 18, 1987

$451.10 oz

$452.20 oz

June 19, 1987

$452.25 oz

$449.00 oz

June 22, 1987

$443.60 oz

$438.00 oz

June 23, 1987

$438.10 oz

$440.20 oz

June 24, 1987

$443.00 oz

$441.75 oz

June 25, 1987

$439.00 oz

$440.50 oz

June 26, 1987

$441.40 oz

$444.10 oz

June 29, 1987

$446.00 oz

$449.75 oz

June 30, 1987

$447.10 oz

$447.30 oz

July 1, 1987

$449.50 oz

$445.75 oz

July 2, 1987

$447.40 oz

$446.25 oz

July 3, 1987

$443.00 oz

$444.10 oz

July 6, 1987

$443.10 oz

$443.35 oz

July 7, 1987

$444.80 oz

$444.50 oz

July 8, 1987

$442.15 oz

$446.40 oz

July 9, 1987

$445.30 oz

$444.10 oz

July 10, 1987

$444.25 oz

$444.75 oz

July 13, 1987

$443.70 oz

$446.50 oz

July 14, 1987

$447.15 oz

$447.00 oz

July 15, 1987

$448.25 oz

$452.70 oz

July 16, 1987

$452.90 oz

$453.75 oz

July 17, 1987

$452.50 oz

$450.60 oz

July 20, 1987

$449.65 oz

$450.90 oz

July 21, 1987

$452.50 oz

$452.40 oz

July 22, 1987

$454.45 oz

$454.90 oz

July 23, 1987

$454.75 oz

$453.95 oz

July 24, 1987

$454.00 oz

$453.30 oz

July 27, 1987

$453.10 oz

$453.15 oz

July 28, 1987

$454.20 oz

$456.15 oz

July 29, 1987

$459.50 oz

$457.75 oz

July 30, 1987

$457.20 oz

$457.15 oz

July 31, 1987

$464.25 oz

$462.50 oz

August 3, 1987

$473.25 oz

$472.75 oz

August 4, 1987

$476.00 oz

$473.40 oz

August 5, 1987

$469.85 oz

$469.80 oz

August 6, 1987

$468.85 oz

$468.70 oz

August 7, 1987

$464.00 oz

$464.10 oz

August 10, 1987

$459.50 oz

$461.10 oz

August 11, 1987

$463.20 oz

$461.20 oz

August 12, 1987

$461.00 oz

$463.40 oz

August 13, 1987

$462.00 oz

$462.50 oz

August 14, 1987

$457.40 oz

$460.00 oz

August 17, 1987

$454.80 oz

$453.30 oz

August 18, 1987

$454.90 oz

$457.50 oz

August 19, 1987

$457.65 oz

$456.35 oz

August 20, 1987

$457.40 oz

$456.10 oz

August 21, 1987

$454.10 oz

$455.50 oz

August 24, 1987

$455.80 oz

$459.50 oz

August 25, 1987

$458.50 oz

$458.00 oz

August 26, 1987

$457.40 oz

$457.60 oz

August 27, 1987

$458.25 oz

$458.75 oz

August 28, 1987

$455.90 oz

$453.40 oz

September 1, 1987

$453.10 oz

$453.75 oz

September 2, 1987

$456.55 oz

$463.10 oz

September 3, 1987

$462.15 oz

$463.70 oz

September 4, 1987

$464.40 oz

$464.75 oz

September 7, 1987

$463.35 oz

$463.50 oz

September 8, 1987

$462.75 oz

$456.95 oz

September 9, 1987

$458.00 oz

$458.30 oz

September 10, 1987

$461.00 oz

$460.20 oz

September 11, 1987

$460.90 oz

$459.85 oz

September 14, 1987

$456.60 oz

$455.55 oz

September 15, 1987

$458.35 oz

$458.80 oz

September 16, 1987

$458.50 oz

$458.40 oz

September 17, 1987

$458.80 oz

$460.50 oz

September 18, 1987

$461.35 oz

$461.70 oz

September 21, 1987

$458.85 oz

$459.10 oz

September 22, 1987

$463.15 oz

$461.55 oz

September 23, 1987

$461.05 oz

$462.40 oz

September 24, 1987

$463.85 oz

$464.00 oz

September 25, 1987

$461.00 oz

$461.80 oz

September 28, 1987

$460.90 oz

$460.85 oz

September 29, 1987

$458.90 oz

$459.40 oz

September 30, 1987

$459.15 oz

$459.50 oz

October 1, 1987

$454.10 oz

$454.90 oz

October 2, 1987

$455.00 oz

$454.35 oz

October 5, 1987

$455.15 oz

$456.50 oz

October 6, 1987

$456.85 oz

$458.00 oz

October 7, 1987

$458.55 oz

$458.05 oz

October 8, 1987

$458.25 oz

$458.15 oz

October 9, 1987

$461.75 oz

$462.05 oz

October 12, 1987

$461.85 oz

$461.75 oz

October 13, 1987

$459.65 oz

$459.20 oz

October 14, 1987

$459.45 oz

$460.80 oz

October 15, 1987

$461.75 oz

$466.60 oz

October 16, 1987

$464.25 oz

$465.25 oz

October 19, 1987

$479.50 oz

$481.00 oz

October 20, 1987

$481.60 oz

$464.30 oz

October 21, 1987

$466.65 oz

$467.00 oz

October 22, 1987

$469.80 oz

$471.65 oz

October 23, 1987

$472.65 oz

$470.50 oz

October 26, 1987

$474.85 oz

$475.00 oz

October 27, 1987

$473.45 oz

$474.00 oz

October 28, 1987

$479.65 oz

$477.50 oz

October 29, 1987

$474.05 oz

$472.45 oz

October 30, 1987

$468.00 oz

$468.80 oz

November 2, 1987

$469.95 oz

$469.30 oz

November 3, 1987

$470.10 oz

$464.25 oz

November 4, 1987

$467.00 oz

$466.15 oz

November 5, 1987

$459.70 oz

$457.55 oz

November 6, 1987

$458.60 oz

$460.00 oz

November 9, 1987

$463.50 oz

$463.50 oz

November 10, 1987

$458.75 oz

$458.25 oz

November 11, 1987

$461.30 oz

$461.85 oz

November 12, 1987

$463.00 oz

$462.45 oz

November 13, 1987

$464.20 oz

$464.95 oz

November 16, 1987

$461.75 oz

$462.10 oz

November 17, 1987

$463.55 oz

$464.60 oz

November 18, 1987

$464.20 oz

$463.70 oz

November 19, 1987

$465.80 oz

$465.15 oz

November 20, 1987

$466.25 oz

$465.70 oz

November 23, 1987

$468.25 oz

$469.40 oz

November 24, 1987

$476.95 oz

$475.00 oz

November 25, 1987

$478.75 oz

$476.50 oz

November 26, 1987

$477.65 oz

$477.65 oz

November 27, 1987

$477.80 oz

$478.40 oz

November 30, 1987

$493.90 oz

$492.50 oz

December 1, 1987

$486.90 oz

$487.80 oz

December 2, 1987

$490.00 oz

$490.90 oz

December 3, 1987

$488.95 oz

$491.10 oz

December 4, 1987

$485.75 oz

$486.25 oz

December 7, 1987

$480.90 oz

$481.15 oz

December 8, 1987

$483.00 oz

$484.30 oz

December 9, 1987

$485.30 oz

$484.20 oz

December 10, 1987

$484.50 oz

$488.00 oz

December 11, 1987

$495.00 oz

$493.50 oz

December 14, 1987

$502.75 oz

$499.75 oz

December 15, 1987

$493.70 oz

$492.50 oz

December 16, 1987

$487.05 oz

$486.30 oz

December 17, 1987

$487.75 oz

$477.50 oz

December 18, 1987

$484.55 oz

$481.00 oz

December 21, 1987

$481.00 oz

$480.00 oz

December 22, 1987

$481.60 oz

$483.00 oz

December 23, 1987

$483.25 oz

$481.50 oz

December 24, 1987

$483.75 oz

December 29, 1987

$489.55 oz

$485.70 oz

December 30, 1987

$486.90 oz

$484.10 oz

December 31, 1987

$486.50 oz

LBMA Gold price fix history data is posted with permission. All rights are reserved.

At SD Bullion, we believe in doing business the old-fashioned way. World class products, the best bullion prices, with industry-top customer service. Thank You to our now 100,000+ customers who have made the switch to SD Bullion.